FAQ Blog Q&A Calculators Students Logbook Contact
Earn under R500,000?Click here to see why you still need to file to get your Tax Refund.

How do I know whether I am getting money back or paying?

Posted 17 September 2012 under Tax Q&A

Get FREE Help with your Tax Return today from



TaxTim's award-winning tax return services are now free to all Momentum policyholders and Multiply clients:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
I submitted my tax form and on my notice of assessment it shows "Net amount refundable under this assessment after allowable credits" as R-0.03 however when I request a statement of account it shows a refund amount of R-3111.86. I am very confused - am I getting R3111.86 or 3 cents?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
5 September 2012 at 9:34

Was the Notice of Assessment a revised assessment or the first one? If your statement of account shows a refund amount then this is what will be paid out as long as you have no outstanding returns for prior years.


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories

Get FREE Help with your Tax Return today from



TaxTim's award-winning tax return services are now free to all Momentum policyholders and Multiply clients:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started